Hong Kong-listed Shoucheng jumps on plan to invest in China's robot firm

Shoucheng Holdings

21/02/2025 06:25

** Shares of Shoucheng Holdings  0697.HK , which manages
private funds and operates car parking asset, jump 15.3% to
HK$1.73, their highest since September 2023, and on course for a
second session of gain
    ** Stock on track for the biggest one-day rise since March
2019, if gains hold 
    ** Co says it intends to invest in the establishment of
Beijing Shoucheng Robot Technology Industry Co in Beijing, which
will focus on promoting the application and implementation of
robot companies and products across multiple fields
    ** Says the initiative will also accelerate the digital and
intelligent operation of its parking and park businesses
    ** Hang Seng Tech Index  .HSTECH  jumps 5%, Hang Seng Index
 .HSI  rises 3%
    ** Stock up 58.3% YTD  

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))